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20120930
20121008
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. thank you so much for joining us. dan, let me kick this off with you. what do you think happened at end of the day today? seems this market has been trading on some worries last several sessions. yet, we did see some optimism at end of the day. >> absolutely. it's a case of perhaps, you know, still do not fight the fed. what we were watching specifically was apple. you mentioned it. we were looking for support on the stock at around 650. wouldn't you know it, it hit their intraday lows. they don't want to see that stock drop. the interesting thing with that is, you know, apple is a bell weather that's really driving the nasdaq 100, driving a lot of these larger cap benchmarks we follow. if you keep that buoyed, you're going to keep the markets buoyed going forward. >> that's a really good point. i guess, david, for those fund managers who have not owned apple, they're going to be playing catch up fourth quarter so their fund looks better by year end, right? >> it's possible. you have a lot of people that are underinvested and have been out of the market for a good period of time. this i
putting $1 trillion into bond funds. jacob says that's clear proof that buy and hold is dead. >> dan weiner is an adviser himself and says buy and hold is the way to go. daniel, to you first. many say the numbers don't back up your belief in buy and hold. why are they wrong? why is buy and hold still relevant? >> bob, i don't know why the fact investors are putting money into bonds and out of stocks means buy and hold is dead. it's a strategy. buy and hold means buying really good managers or buying really good companies and sticking with them through some of these ridiculous day-long, you know, market crashes, flash crashes, things of that nature. i'm not worried about what happens in the market in a day or a month. the dow has hit 30 record highs this year alone. the dow has hit 30 highs on a total return basis. so all these guys who think, oh, buy and hold is dead, you know, sell main may and go away, theye crying in their soup. >> jacob, i think back to the magazine cover that said "the death of equities." you know when you should have bought equities? the day that came out. you
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